Snehal khanna Blog

The interview comes almost a week after Anil Ambani signed a deal with elder brother Mukesh Ambani to sell four wireless infrastructure assets for Rs 230 billion . LATEST NEWS :  The "new" Reliance Communications (RCOM ) will be "capex light" and emerge as India's largest B2B (business-to-business) entity that is "focussed on the global and enterprise business", according to Reliance Group Chairman Anil Ambani. It will also have a "strong strategic partner coming in the next few months", Ambani said in a wide-ranging interview to The Economic Times, his first in a decade. "New RCOM will be stronger and be India's largest B2B business. It is capex light and we are very conservatively structured... The IDC (international data centres) business is set to explode. There is a huge opportunity -- and as an opportunity for India grows with $400 billion in reserves and good ratings, we will grow as well," Ambani said. ...

RCom, Reliance Home Finance, Reliance Nippon Life, Reliance Capital, Reliance Infra, Reliance Naval and Reliance Power were down in the range of 8% to 11%. LATEST NEWS :  Shares of Anil Ambani-controlled Reliance Group companies (ADAG) remained under pressure by falling up to 15% on the BSE in intra-day trade. Reliance Communications (RCom)    , Reliance Home Finance, Reliance Nippon Life Asset Management, Reliance Capital, Reliance Infrastructure,  Reliance Naval and Engineering and Reliance Power were down in the range of 8% to 15% on the BSE. At 02:22 PM; the S&P BSE Sensex was down 0.63% at 32,734 points. RCom touched a new low of Rs 9.75, down 15% on the BSE. In the past three trading sessions, the stock tumbled 30% after the company posted a consolidated loss of Rs 3,919 crore in first half (April – September) of the current financial year 2017-18. It had posted a net profit of Rs 152 crore in the same period of FY17. Thus far in the c...